(EQL) ALPS Equal Sector Weight - Ratings and Ratios

The ALPS Equal Sector Weight ETF (EQL) employs a fund of funds strategy, investing at least 90% of its assets in Underlying Sector ETFs, which are the Select Sector SPDRs. This approach provides equal weighting across all sectors, offering balanced exposure without sector-specific concentration. The ETF is non-diversified, allowing for concentrated sector investments, and its equal-weighting strategy contrasts with market-cap weighted indices, potentially reducing risk from sector volatility. The funds structure ensures exposure to key sectors like Technology, Healthcare, and Financials, among others, through the Select Sector SPDRs.

Over the next three months, EQL is expected to trade within a narrow range, supported by its 50-day SMA at 128.46 and facing resistance at the 20-day SMA of 130.41. The low ATR of 1.22 indicates moderate volatility, suggesting price fluctuations within a limited range. The ETFs AUM of $442.49M reflects investor confidence, implying stability. The price may test the SMA50 support or the SMA20 resistance, with potential sideways movement due to the flat SMA trend.